US Dataworks Disrupts Traditional Lockbox and Remittance Processing with Expanded Partner Program
The Addition of Highly Successful Resellers to the US Dataworks Partner Program Creates a New Business Model for the Replacement of Traditional Lockbox with Clearingworks Cloud Payment Processing Solutions
SUGAR LAND, Texas, Nov. 13, 2012 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in cloud payment processing solutions, takes aim at traditional lockbox and remittance processing solutions by expanding our network of influential resellers eager to bring the power and simplicity of Clearingworks to their customer base. The addition of four strategically selected resellers more than doubles our access to financial institutions and corporate billers in the northeast, mid-Atlantic, central and west regions and creates a powerful new channel for the replacement of aging and outdated remittance processing systems.
Building a Powerful Channel to Quickly Reach Thousands of Customers
The newly signed partners, ERJ Solutions, PMI Technologies, Quality Data Systems (QDS), and Technology Unlimited, Inc. (TUI), were selected based on their proven success in bringing the best payment processing solutions to their customers. When combined with our existing resellers, US Dataworks now has channel partners to reach thousands of financial institutions, government agencies and businesses.
Marc Palombo, Senior Vice President of Sales for US Dataworks stated, "The key to our success is through selectively developing like-minded partners who are focused on growing revenues in the payments processing marketplace. Clearingworks cloud lockbox and remittance processing solutions are the perfect fit. The ease of real-time processing and cloud delivery combined with simplicity of support yields a substantial recurring revenue stream that is a natural extension of our partners' business."
The Time is Right for Expansion
According to a 2012 Celent report on the State of Remote Deposit Capture, only 15% of the banks between $1billion and $50 billion in assets are currently offering remote or cloud based lockbox solutions. This leaves ample room for expansion by US Dataworks' channel partners. In addition, successful document imaging and check scanning resellers are looking for ways to build on the customer relationships they have nurtured for years. New cloud deliver models, like Clearingworks, provide the right opportunity for equipment resellers and business consultants to expand their services and build a valuable recurring revenue stream.
